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9 October 2024 | 12 replies
maybe talk to some lenders and see what options you have.unfortunately i think the active methods take a lot of time, and the passive methods take a lot of capital.for example - on the active side - BRRRR is a really great but really difficult method.
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10 October 2024 | 2 replies
Here’s a breakdown of how the BRRR method works and why it could be a game-changer for your investing journey.1.
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3 October 2024 | 2 replies
how can i find someone to lend me money to use the brrr method?
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9 October 2024 | 1 reply
Here are a few definitions that you absolutely must know.Bookmark this thread and use it as your cheat sheet for 2024.Okay, let’s dive in:Here are the terms that I’ll define in this thread:-DEPRECIATION-BONUS DEPRECIATION-COST SEGREGATION -BASIS-LAND VALUE-IMPROVEMENT VALUE-3115-RECAPTUREDEPRECIATION:Depreciation is the decrease in $$ value of your asset over time due to wear & tear, etc.Standard depreciation is deducted evenly over 27.5 years for residential and 39 years for commercial.Even w/o cost segregation you get to deduct depreciation each year.BONUS DEPRECIATION:This is an accelerated depreciation method.
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9 October 2024 | 1 reply
If you have any tips and tricks and best methods to getting my first sale that would be very helpful and appreciated.
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15 October 2024 | 26 replies
Further, these “asset protection” methods are under constant creditor attack through the courts, meaning they are probably of benefit only a short period of time, UNLESS, true CONTROL of the asset is given up.
8 October 2024 | 5 replies
The legal method is to file for an eviction and slog through the time-consuming court process.
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8 October 2024 | 10 replies
I’m trying to work with a seller who deals in off-market properties, but they only accept cash or an “unrestricted line of credit” for payment.I have about $200k in liquid funds and want to invest it all, but I'm running into challenges with payment methods.
12 October 2024 | 2 replies
Consider using the snowball method to help you eliminate debt.
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10 October 2024 | 9 replies
But, it’s worth consulting with a tax professional to assess whether any parts of the expense could still qualify for immediate expensing under safe harbor rules or another method to maximize deductions.